Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mechel Falls in N.Y. as Cold Weather Halts Production in Romania

Feb. 17 (Bloomberg) -- OAO Mechel, Russia’s largest producer of coal for steelmaking, fell in New York after saying it would halt production at two plants in Romania as cold weather in Europe disrupted scrap supplies.

American depositary receipts of the company declined 0.4 percent to $10.75 at 10:52 a.m. in U.S. trading, after falling as much as 1.8 percent. The stock, which lost 71 percent last year, has gained 26 percent this year.

Production at the Mechel Targoviste and Ductil Steel Otelu Rosu plants will be temporarily halted beginning tomorrow because colder-than-usual weather in the region led to disruption of raw materials supplies, Mechel said in an e-mailed statement. It did not indicate when production may resume.

To contact the reporters on this story: Halia Pavliva in New York at

To contact the editor responsible for this story: Emma O’Brien at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.